Medtronic Plc Stock Today
| MDT Stock | USD 80.13 2.04 2.48% |
Performance0 of 100
| Odds Of DistressLess than 5
|
Medtronic PLC is selling for under 80.13 as of the 16th of April 2024; that is -2.48 percent down since the beginning of the trading day. The stock's last reported lowest price was 79.56. Medtronic PLC has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Medtronic PLC are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of April 2023 and ending today, the 16th of April 2024. Click here to learn more.
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The company was founded in 1949 and is headquartered in Dublin, Ireland. Medtronic operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. The company has 1.33 B outstanding shares of which 12.43 M shares are now shorted by investors with about 1.96 days to cover. More on Medtronic PLC
Follow Valuation Odds of Bankruptcy
Financial Report 23rd of May 2024
Medtronic Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Medtronic PLC's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Medtronic PLC or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Omar Ishrak |
| Thematic Ideas | Showing 3 out of 4 themes |
| Old Names | [MEDTRONIC, MEDTRONIC] |
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NYSE Composite, Nasdaq CTA Artificial, SP 500 Index, SP 100 Index, SP 100, ARCA Institutional, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Obamacare Repeal, Giant Impact, Medical Equipment, Dividend Beast, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) |
| Financial Strength Based on the measurements of operating efficiency obtained from Medtronic PLC's historical financial statements, Medtronic PLC is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Medtronic PLC is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Medtronic PLC (MDT) is traded on New York Stock Exchange in USA. It is located in 20 On Hatch, Dublin, Ireland, 2 and employs 95,000 people. Medtronic PLC is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a total capitalization of 106.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Medtronic PLC's market, we take the total number of its shares issued and multiply it by Medtronic PLC's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Medtronic PLC runs under Health Care Equipment & Supplies sector within Health Care industry. The entity has 1.33 B outstanding shares of which 12.43 M shares are now shorted by investors with about 1.96 days to cover.
Medtronic PLC has about 1.54 B in cash with 6.04 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.59.
Check Medtronic PLC Probability Of Bankruptcy
Ownership AllocationMedtronic PLC maintains a total of 1.33 Billion outstanding shares. The majority of Medtronic PLC outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Medtronic PLC to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Medtronic PLC. Please pay attention to any change in the institutional holdings of Medtronic PLC as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Medtronic Ownership Details
Medtronic Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Medtronic PLC jumping above the current price in 90 days from now is close to 99%. The Medtronic PLC probability density function shows the probability of Medtronic PLC stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Medtronic PLC has a beta of 0.863. This indicates Medtronic PLC market returns are related to returns on the market. As the market goes up or down, Medtronic PLC is expected to follow. Additionally, medtronic PLC has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Medtronic PLC to move above the current price in 90 days from now is close to 99 (This Medtronic PLC probability density function shows the probability of Medtronic Stock to fall within a particular range of prices over 90 days) .
Medtronic PLC Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Medtronic PLC market risk premium is the additional return an investor will receive from holding Medtronic PLC long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Medtronic PLC. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Medtronic PLC's alpha and beta are two of the key measurements used to evaluate Medtronic PLC's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.12) |
Medtronic Stock Against Markets
Picking the right benchmark for Medtronic PLC stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Medtronic PLC stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Medtronic PLC is critical whether you are bullish or bearish towards Medtronic PLC at a given time. Please also check how Medtronic PLC's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Medtronic PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Medtronic PLC Corporate Directors
Medtronic PLC corporate directors refer to members of a Medtronic PLC board of directors. The board of directors generally takes responsibility for the Medtronic PLC's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Medtronic PLC's board members must vote for the resolution. The Medtronic PLC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Donnelly | Lead Independent Director | Profile | |
| Richard Anderson | Lead Independent Director | Profile | |
| Elizabeth Nabel | Independent Director | Profile | |
| James Lenehan | Independent Director | Profile |
How to buy Medtronic Stock?
Before investing in Medtronic PLC, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Medtronic PLC. To buy Medtronic PLC stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Medtronic PLC. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Medtronic PLC stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Medtronic PLC stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Medtronic PLC stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Medtronic PLC, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Already Invested in Medtronic PLC?
The danger of trading Medtronic PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Medtronic PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Medtronic PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Medtronic PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Medtronic PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Medtronic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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Is Medtronic PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Medtronic PLC. If investors know Medtronic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Medtronic PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.